MI > Detroit > Mi
Detroit, MI 48234 3255,4470 E OUTER Drive
Detroit, MI 48234 3255,4470 E OUTER Drive
Detroit, MI 48234 3255,4470 E OUTER Drive
Detroit, MI 48234 3255,4470 E OUTER Drive
Detroit, MI 48234 3255,4470 E OUTER Drive
Detroit, MI 48234 3255,4470 E OUTER Drive
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David Godin

David Godin

+1(586) 416-0600
$ 1,000,000
Est. payment | /mo

18 Baths

11,439 SqFt

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$ 1,000,000
Est. payment | /mo
Save

18 Baths

11,439 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Contingent

Purchase Type For Sale

Square Footage 11,439 sqft

Price per Sqft $87

Subdivision Mi

MLS Listing ID 60388817

Style 2 Story

Full Baths 18

Year Built 1956

Annual Tax Amount $28,646

Lot Size 0.300 Acres

Acres 0.3

Lot Dimensions 104.00 x 125.00

Property Sub-Type Multi-Family

Property Description

Welcome to 4470 E Outer Dr, a renovated 2-story, 2-building garden style 18-unit brick apartment building. All units are 1-bed, 1-bath situated on a 13,068 sq ft site with great curb appeal. With 8 agency tenants and 10 cash tenants, this building comes fully occupied and stabilized (over $15,000 gross income per month!) with room yet to increase rents significantly without large capital expenditures. Two newer boilers have been installed, the roof is newer, and the windows are newer and vinyl as well. There is also a parking lot with plenty of parking for tenants. Overall, an ideal opportunity to both cash flow now and value add through a simpler business plan of raising rents in already quality units. Offering memorandum, rent roll and P&L are available upon request.

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Multi-Family

Rooms

Basement Block, Common

Interior

Heating Forced Air

Fireplace No

Exterior

Exterior Feature Brick

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Assessment Amount $100

Energy Description Natural Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Keller Williams Somerset
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Find out why customers are choosing LPT Realty to meet their real estate needs

+1(586) 416-0600

davidgodin@hotmail.com

101 W Big Beaver Rd, Troy, MI, 48084, USA

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4470 E OUTER Drive